China's LDK Solar raises $469 mln

SteveGelsi

NEW YORK (MarketWatch) -- LDK Solar Co. Ltd.'s
ldk
initial public offering raised $469 million by offering 17.38 million American depositary shares at $27 for its stock market debut Friday. The China-based manufacturer of multicrystalline solar wafers priced its IPO at the top of its $25-$27 range with underwriters Morgan Stanley & Co. International plc and UBS AG.

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